Jack1955: Update this morning..10th floor trader...encouraging
Fellow members,We just talked overseas with trader...Still looks good for Monday -tuesday time frame...
But more excited..NEVER TOLD US THIS BEFORE...
It will not get out of THIS WEEK..per his trader/bank conversations…..Keep the faith
TLC dinarian: I personally know some friends who cashed out in Dubai....They went home for xmas and are Green Card workers here in the United States
Read More Lihk on Right
[HOODINI] ok ok i listened to the call today and a very flat voice oracle from ripon, says that nobody got cash in hand, they got skr's converted, and can borrow against it, and that church groups got paid out over the week end. so sounds like the bishops finally found a payday.
[HOODINI] TexasMom imo this is rolling out pretty much like we sleuthed it out last year about this time into the summer.
[TexasMom] HOODINI well, then look in the crystal ball and give me rate ______________________ date___________________ please. Nola isn't here so I"m her backup rofl
[HOODINI] i know how hard they were looking for a deal, I have seen first hand the games they will play to get to the front of the line at any cost. I know a big PP went down end of week again. so there you go.
[HOODINI] TexasMom rate hearing from good to omg_______ date_well bluewolf called it and tony called __________ please. Nola isn't here so I"m her backup
[TexasMom] HOODINI lol are you echoing me too? ty my friend
[HOODINI] TexasMom well it imo opinon last night was a long shot, but the call centers were manned the valet parking was open at each branch, the red carpets were rolled out, the adjacent bus parking area with shuttle service was ready to go, rofl
[HOODINI] TexasMom NOW,
[Colorado] HOODINI An SKR can only be issued for a viabale collateral with value. No bank is going to speculate on dinar value and will only issue a SKR on the current value of the dinar, hence 1100 per million IMO no one even has an SKR no bank would be willing to take that risk
[HOODINI] Colorado ahhh ok whatever you say, but, when you have a transaction where you dinar has been counted and you are issued an skr, and then that skr is exchanged for cash in the bank, what in the world wood stop a bank from issueing a line of credit against that cash. this is not the branch level
[Colorado] HOODINI please show us all a bank or person who issued or received and SKR. that is not how they do business. The SKR is only a holding document and is good only to the CURRENT value of the certificate, not speculation of it's future value
[HOODINI] Colorado 3/4 of the contacts I used to have now are under NDA's and really do not care about all of this anymore, I give you good stuff you read you decide
sailman] HOODINI The problem as I see it is with the USA releaseing the IQD for international rate -- we outside of the USA were NEVER going to get a special rate and just want the rate released internationally so that WE can go to the bank :)
[HOODINI] sailman that is a very myopic view and is not correct, the issue is a GCR, 198 countries flipping over at the same time,
[sailman] HOODINI so will ALL countries -- including my dear CANADA -- revalue at the SAME time ???
[HOODINI] sailman all currency movement and noise is the leaking or limping into view of the gcr
[terrib] sailman the problem as i see it... and i may be way off base.... a lot of countries know we are getting contract rate in group... would you be happy not getting that even if you are in group?
[sailman] HOODINI guess I was hoping that the CDN would increase in value against the USD when GCR happened -- amybe it will still
[terrib] sailman it could
[HOODINI] sailman to early to tell
NannySandy] Hoodini. If 3/4 of your contacts are now on NDR then that must indicate that the GCR is quickly moving to the public arena?? In Gods hands and time!!
[prissynell] Do people not in the group call a 800# or just call the bank for appt
[terrib] prissynell if not in group you just call bank
[xyz] Bank of America hikes top European bankers' pay to counter bonus cap. Bank of America Merrill Lynch is raising salaries for some of its senior bankers by about 20 pc, a person familiar with the matter said on Monday. http://www.reuters.com/article/2014/02/03/us-bankofamerica-pay-idUSBREA121AI20140203
[xyz] Bernanke to join U.S. policy think tank Brookings http://www.reuters.com/article/2014/02/03/us-usa-bernanke-brookings-idUSBREA120V220140203
[xyz] ANOTHER GLITCH? .... Watch Art Cashin: Why stocks are getting slammed http://www.cnbc.com/id/101385257 Art Cashin said technical factors are helping to deepen the stock market's downward move today.
[xyz] Investors yanked more than $6.3 billion from emerging market equity funds last week, the largest outflow on record in dollar terms http://money.cnn.com/2014/02/03/investing/emerging-markets-equity-funds/index.html?iid=HP_LN
[xyz] Financial world shaken by 4 bankers' apparent suicides in a week …The apparent suicide death of the chief economist of a US investment house brings the number of financial workers who have died allegedly by their own hand to four in the last week. http://rt.com/business/russell-investments-chief-economist-dead-564/
[wushock92] Breaking News from Fox: The Dow Jones Industrial Average closes at 15,372, a loss of 326 points, amid concerns about emerging-market currencies and worries about global economic growth. More on this story: http://www.foxbusiness.com/markets/2014/02/03/intense-selling-wall-street-walloped-amid-mounting-uncertainty/
[Colorado] To get an SKR you have to give the bank something of value, they see no value in the dinar right now
[texasgirl1] Colorado - very good point - I know someone who had dinar up as security on a mortgage - the bank called the loan last week and said they would have to find a different collateral
[.MikeH] A safekeeping receipt is a statement from a financial institution that confirms it is holding assets for safekeeping, and will maintain them separate from other assets and return them on demand. Safekeeping services are available from many financial institutions, usually for a fee, as they cannot use those assets in investment activities and thus have no way to generate a profit from them. The safekeeping receipt should be stored in a safe place as it provides a legal record of the deposit.
[.MikeH] Assets in storage can include stocks, bonds, precious metals, and cash. In the safekeeping receipt, the financial institution indicates that it holds these assets on behalf of the owner, does not consider them part of its own assets, and cannot use them in financial activities. It also acknowledges a responsibility to return those assets on demand. With something like a safe deposit box where the institution does not know the contents, the safekeeping receipt may include a liability release; if something in the safe deposit box is damaged, the bank is not responsible because it could not control the contents.
[.MikeH] This document creates a fiduciary duty on the part of the institution. It is responsible for taking reasonable steps to protect the assets in storage. These can include the use of security measures, unique identifying codes to prevent unauthorized access, and other steps recommended and practiced by the industry. If the institution fails to protect the assets, it can be held legally liable and may be sued for damages to replace the assets or compensate the owner for the lost value.
[.MikeH] As long as assets are in safekeeping, the owner should keep the receipt. It is advisable to keep receipts that document deposits, assets in safekeeping, and similar financial activities in one location. If a owner dies, this will make it easier to locate all his assets and make sure they are counted as part of the estate. The safekeeping receipt can also be important in the event of a death, as the institution may want to see it, along with a death certificate, before it will release the assets.
[.MikeH] f a financial institution does not automatically provide a safekeeping receipt, the customer can ask for one. It is also possible to request a duplicate or replacement copy. The institution may charge a fee for this. When banks sell or merge with others, all assets in safekeeping should transfer smoothly. Customers should receive a notice about the new ownership with new contact information.
jdtolle » February 3rd, 2014, The more life changes
Life moves quickly and changes at a relentlessly rapid pace. Sometimes that can be frightening, but it doesn’t have to be.
After all, every good thing that has come into your life has been the result of a change. You have the proven ability to deal with the changes and in fact to transform them into fulfillment.
With each new change comes the opportunity for new value. Even if the change seems to be overwhelmingly negative, you can find a way in which to add new goodness to your world.
The more life changes, the more new possibilities it brings. Rather than cursing the changes, explore the possibilities.
Each day brings many opportunities for you to successfully adapt and prosper in the face of change. You can use the changes to grow stronger and more capable, and to move your world in a positive direction.
With a true and generous love for life, there is no need to fear change. Embrace life as it continues to change, and give so much of your love that life continues to grow in richness and fulfillment.
— Ralph Marston
Wishing All a Safe, Warm and Blessed Day